Northport Village Council trustees unanimously approved its proposed 2024-25 general fund budget of $767,228 at its regular meeting on June 13. The balanced budget goes into effect in the new fiscal year that begins on July 1 and goes through June 30, 2025.
The budget contains a breakdown of different general fund expense highlights as well, such as the “operation expenses,” also known as expenditures, which was $342,181, and “salary expenses,” totaling $374,457. In addition to the expenses breakdown, the village included the totals for the 2024-25 net fund balances, current fund balances, and current cash in bank for each fund to give trustees an idea of what they have to work with in the year ahead.
“We’re trying to give you as much information as we possibly can,” said village manager Jim Dyer to the board at the June 13 village council meeting. “Then that total compensation is then broken down on each page by fund, the general fund, major streets and local street funds — those that have salaries allocated to them.”
